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United Trust Bank | Second Charge Rate Deductions

United Trust Bank

United Trust Bank

 

United Trust Bank has recently introduced significant rate reductions for their specialised mortgage products, particularly second charges from United Trust Bank.

These new, competitive rates from United Trust Bank make their mortgage offerings even more attractive for borrowers seeking financing for unique property situations or additional funds.

Whether you’re looking to secure a second-charge mortgage from United Trust Bank or explore their specialised mortgage options, United Trust Bank’s latest rate reductions from United Trust Bank can help you achieve your financial goals while saving you money.

With a commitment to providing tailored solutions and exceptional service, United Trust Bank from United Trust Bank continues to be a trusted partner for borrowers needing specialised mortgage products.

Please find the below update from the UTB Mortgages for Intermediaries team. Changes have been made across the entire Second Charge product range, including Major Rate Reductions, effective immediately, courtesy of United Trust Bank.

Prime 0-Status Products

  • 75% LTV, up to 0.45% rate reduction for 2, 3 and 5yr fixed plans
  • 80% LTV, up to 1.00% rate reduction for BoE Tracker, 2, 3 and 5yr fixed plans
  • Max £500k loan size
  • Previous Adverse accepted: Can have unlimited unsecured missed payments if now up-to-date, and up to £5k of Defaults/CCJs more than 2 years ago. 0 in last 12m mortgage arrears.
  • Unusual Properties accepted: including steel-frame, timber-frame, concrete, listed, ex-local or high-rise flats and maisonettes.

Near Prime, 1-Status Products

  •  65% LTV, up to 1.25% rate reduction for 2, 3 and 5yr fixed plans·
  • 70% LTV, up to 1.30% rate reduction for 2, 3 and 5yr fixed plans
  • 75% LTV, up to 1.60% rate reduction for 2, 3 and 5yr fixed plans
  • 80% LTV, up to 0.50% rate reduction for 2, 3 and 5yr fixed plans
  • Max £500k loan size to 70% LTV, £250k to 75% LTV and £125k to 80% LTV
  • Previous Adverse accepted: Can have unlimited unsecured missed payments if being consolidated. Max 1 Default/CCJs with unlimited £ in the last 2 years, and unlimited £/number more than 2 years ago. Up to 1 in last 12m mortgage arrears.
  • Unusual Properties accepted: including steel-frame, timber-frame, concrete, listed, ex-local or high-rise flats and maisonettes.

Near Prime, 2-Status Products

  • 65% LTV, up to 1.50% rate reduction for 2, 3 and 5yr fixed plans
  • 70% LTV, up to 2.00% rate reduction for 2, 3 and 5yr fixed plans
  • 75% LTV, up to 2.30% rate reduction for 2, 3 and 5yr fixed plans
  • 80% LTV, up to 1.40% rate reduction for 2, 3 and 5yr fixed plans
  • Max £500k loan size to 70% LTV, £250k to 75% LTV and £125k to 80% LTV
  • Previous Adverse accepted: Can have unlimited unsecured missed payments if being consolidated. Max 2 Defaults/CCJs with unlimited £ in the last 2 years, and unlimited £/number more than 2 years ago. Up to 2 in last 12m mortgage arrears.
  • Unusual Properties accepted: including steel-frame, timber-frame, concrete, listed, ex-local or high-rise flats and maisonettes.

 

Feel free to access our most up-to-date product guides by clicking on the links below: connect for intermediaries

Standard Second Charge Product Guide here. – Your comprehensive resource for standard second-charge products, providing detailed information on our offerings, terms, and features.

Packager and Distributor Second Charge Product Guide here. Tailored specifically for packagers and distributors, this guide offers a comprehensive overview of second-charge products designed to meet your business’s unique needs. You’ll find valuable insights into our offerings, distribution options, and partnership benefits.

Explore our diverse product guides to find the perfect financial solution.

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